Overview
- The PBO projects the new agency will produce about 26,000 homes over five years, including roughly 13,000 units affordable to low‑income households.
- That output amounts to a 2.1% increase in completions and would address about 3.7% of a projected 690,000‑home shortfall by 2035.
- Federal housing program spending is forecast to drop from $9.8 billion in 2025–26 to $4.3 billion in 2028–29 as key programs expire, which the PBO says would reduce CMHC’s capacity and supports such as the Canada Housing Benefit and the Affordable Housing Fund.
- Build Canada Homes intends to expand factory‑built, modular and mass‑timber construction through bulk procurement and financing to target up to 20% cost reductions.
- Finance and housing ministers described current allocations as initial steps that could change with future decisions, while Conservative and NDP critics called the measures inadequate.